Tackling the corruption that marred Jacob Zuma’s tenure as president may drag on for years, with no guarantees of successful prosecutions or recouping billions of rand pilfered from the state. The government’s ability to halt state capture and return looted funds will be a key test for President Cyril Ramaphosa’s drive to restore the trust of the electorate and investors in public institutions. About R100bn may have been stolen, according to Public Enterprises Minister Pravin Gordhan. A high-powered judicial panel led by Deputy Chief Justice Raymond Zondo, which was initially supposed to sit for six months, says it needs at least two years to expose wrongdoing — and it lacks the power to arrest anyone or seize assets. Those tasks will fall to a police force and prosecution service that have been gutted of senior staff over recent years and have had a dismal record in securing convictions of the rich and powerful. "The sheer scope of the challenge facing the state capture investigati...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.